Nandan Nilekani may return as Infosys CEO, shares jump 3%: Report
- Vishal Sikka recently stepped down as the Infosys chief.
- Nandan Nilekani may be roped in as the new Infosys CEO, say reports.
- Narayana Murthy has delayed the conference call that was slated for today, until 29 August.
FollowThe latest in the ongoing drama at the Infosys campus is said to be the return of co-founder Nandan Nilekani, possibly, in a 'suitable position'. A report by News18, citing CNBC TV18, says that Nilekani's role at Infosys would be 'cleared' within the next 48 hours.Â
However, there is still no clarity on whether he will be roped in as the new CEO replacing Vishal Sikka who recently stepped down or will come in the position of the new MD. Meanwhile, Narayana Murthy has delayed the conference call that was slated for 6:30PM, and it is now slated to take place on August 29, as per reports online.
According to The Economic Times report, the new development comes a day after leading domestic institutional investors wrote to Infosys board to bring the former chief Nilekani back to the company, which is struggling with a leadership crisis post Sikka's exit.
The letter was signed by top officials of 12 mutual funds and insurance companies, which include ICICI Prudential Asset Management, HDFC Asset Management, and Birla Sun Life AMC among others. The report adds that the buzz created by the reports about Nilekani becoming the next chief has led to the shares rise by 3 percent.Â
